By Angela McDaniels
Tacoma, Wash., Nov. 3 - UBS AG, London Branch priced $1 million of 9.18% yield optimization notes with contingent protection due Nov. 7, 2011 linked to the common stock of JPMorgan Chase & Co., according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable monthly.
The notes have a face value of $37.42 each, which is the initial share price of JPMorgan stock.
The payout at maturity will be par unless the final price of JPMorgan stock is less than 80% of the initial share price, in which case the payout will be one share of JPMorgan stock per note.
UBS Financial Services Inc. and UBS Investment Bank are the underwriters.
| Issuer: | UBS AG, London Branch
|
| Issue: | Yield optimization notes with contingent protection
|
| Underlying stock: | JPMorgan Chase & Co. (NYSE: JPM)
|
| Amount: | $999,974.66
|
| Maturity: | Nov. 7, 2011
|
| Coupon: | 9.18%, payable monthly
|
| Price: | Par of $37.42
|
| Payout at maturity: | If final price of JPMorgan stock is less than trigger price, one JPMorgan share; otherwise, par
|
| Initial share price: | $37.42
|
| Trigger price | $29.94, 80% of initial price
|
| Pricing date: | Nov. 1
|
| Settlement date: | Nov. 4
|
| Underwriters: | UBS Financial Services Inc. and UBS Investment Bank
|
| Fees: | 1.7%
|
| Cusip: | 90267F766
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
